Tax cuts for families and businesses will boost Central WA’s economy | Opinion

At the beginning of this Congress, House and Senate Republicans made a promise to pass legislation to ease the financial burden on working families caused by unfair taxes, inflation, and high grocery prices. H.R. 1, known as the One Big Beautiful Bill Act, has been signed into law, delivering tax reform for working Americans and small businesses unlike anything we have ever seen. While some of the benefits won’t take effect until next year, my constituents in Central Washington will start seeing benefits immediately.

H.R. 1 prevents the largest tax hike in American history at the end of this year. The Council of Economic Advisors is projecting businesses will see an increase in revenue, and in turn, a typical working family with children in Washington state could see an increase of thousands of dollars in take home pay over the next several years. This legislation will light a fire under the economy, and taxpayers will reap the benefits.

The legislation includes an unprecedented provision to eliminate taxes on tips and overtime pay; a move that rewards work as we implement part-time work requirements for programs like Medicaid and SNAP. For seniors who have already put their time into the workforce, we reduced taxes on Social Security to ease the financial burden on the program’s benefactors.

To support working families, Republicans increased the Child Tax Credit to $2,200 per dependent – up from $2,000 – which will put even more money back into the pockets of over 102,000 families in Washington’s Fourth District. Had we not taken this action, the Child Tax Credit would have been reduced to $1,000 per child, effectively raising taxes on working families.

In addition to working families, small businesses in Central Washington will benefit from this legislation. Over 30,000 small businesses and family farms claim the Small Business Tax Deduction, and H.R. 1 makes the 20 percent deduction permanent. The National Federation of Independent Business projects this will grow Washington State’s Gross Domestic Product (GDP) by $1.9 billion and generate 30,000 jobs each year. We also made permanent reforms to expensing for businesses, farmers, and ranchers, and finally eliminated the death tax to protect beneficiaries from unfair, undue taxes.

Earlier this year, Governor Ferguson and Democrats in Olympia passed the largest tax increase in the history of our state. Meanwhile, I’m working for you in Washington, D.C. to keep your federal taxes low, incentivize economic growth, and deliver for working families across Central Washington.